Asian Paints promoter encumbers more shares for loan collateral

Smiti Holding and Trading Company Private Limited, a promoter of Asian Paints Limited, has announced the encumbrance of 2,800,000 equity shares. This transaction, dated September 10, 2025, represents a pledge of shares for a loan, with Citicorp Finance (India) Limited listed as the entity in whose favor the shares were pledged.

Following this creation of encumbrance, Smiti Holding's total encumbered shares now stand at 39,211,000, accounting for 4.09% of Asian Paints' total share capital. Prior to this event, the promoter holding in the target company was 51,767,638 shares, or 5.40% of the total share capital, with 36,411,000 shares (3.80% of total share capital) already encumbered.

This disclosure was made in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and was reported to both BSE Limited and the National Stock Exchange of India Limited.